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Stock Market & Financial Investment News

News Breaks
June 5, 2014
09:06 EDTMDT, SNNMedtronic unlikely to bid for Smith & Nephew, says Wells Fargo
After speaking with Medtronic's (MDT) management, Wells Fargo does not expect the company to bid for Smith & Nephew (SNN). The firm says that Medtronic stated that it was looking for deals based on strategic fit, not financial reasons such as a tax, and the U.K. has not yet asked Medtronic to issue a statement on Smith & Nephew, Wells noted. Additionally, Medtronic stated that it will only enter a new market if it feels it can be a top player, and Smith & Nephew's hip and knee business doesn't;t meet that criteria, Wells wrote.
News For MDT;SNN From The Last 14 Days
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July 25, 2014
06:30 EDTMDTObama calls on Congress to end inversion deals, NY Times reports
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July 24, 2014
08:19 EDTMDTLeerink medical devices analyst holds an analyst/industry conference call
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July 21, 2014
08:16 EDTMDTDeutsche Bank analysts hold an analyst/industry conference call
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July 18, 2014
12:51 EDTMDTKey GOP senator signals readiness for inversion deal, The Hill says
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July 16, 2014
10:36 EDTMDTTreasury calls on Congress to halt inversion deals
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07:59 EDTMDTTreasury Secretary urges Congress to take action on tax inversions
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07:18 EDTMDTScoliosis Research Society to hold annual meeting
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July 14, 2014
07:12 EDTMDTCovidien downgraded to Neutral from Overweight at Piper Jaffray
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